PSC hosts Alabama Power for first of three public hearings

[lin_video src=http://eplayer.clipsyndicate.com/embed/player.js?aspect_ratio=16×9&auto_next=1&auto_start=0&div_id=videoplayer-1368054089&height=480&page_count=5&pf_id=9624&show_title=1&va_id=4049419&width=640&windows=2 service=syndicaster width=640 height=480 div_id=videoplayer-1368054089 type=script]MONTGOMERY, Ala. (WIAT) – The Public Service Commission began the first in a series of hearings Wednesday morning in Montgomery.
A big crowd from both sides of the issue was on hand, as Alabama Power explained how it says the current rate system is working to give consumers an affordable product.
Critics argue, while other states have seen decreasing rates, Alabama Power remains among the highest.
Others say changing the current formula will cost jobs.
United Mine Workers Representative Daryl Dewberry says, “We’ve researched it we know it to be a fact Alabama has the cheapest rates.”
But AARP’s Jack Bradford says the process needs to be more transparent.
He says the profit margin for companies was set decades ago and needs to be adjusted as other states have done.
The next public hearing is June 18th in Montgomery.